Dwelling unit area is the total sum of the area walls, floors and ceiling. Any part of the building that includes living facilities, including rooms or a room with toilet, bathing, kitchen or laundry facilities, such as shelters, dormitories, boarding homes and assisted living facilities is called a dwelling unit. Because of the Pradhan Mantri Awas Yojana-Urban (PMAY-U), affordable dwelling units under PMAY-U have been possible in the country and over51 lakh dwelling units have been sanctioned in the last three years under this scheme. This number of dwelling units is much higher than erstwhile housing scheme wherein only 12.4 lakh houses were sanctioned.
Private Residence:
This type of dwelling unit is occupied by private households. Flat, single-family homes, boarding houses, and portions of commercial buildings are its examples. These housing units are meant for the accommodation of less than six individuals.Unoccupied Dwelling Units:
This type of dwelling units is not used for the occupancy at the time of enumeration. It also includes housing units that have been vacant for minimum six months.Closed Dwelling Units:
This type of dwelling units is occupied by residents. But they are often away throughout the enumeration period, which is less than six months.Double Dwelling Units:
This type of housing has two living units on one land unit.Growing Demand for Dwelling Units
There is growing demand for affordable housing in India as more and more people migrate from rural areas to urban areas to get better jobs and maintain a high living standard. The Indian government has been promoting Pradhan Mantri Awas Yojana dwelling units to provide housing to all urban households.Lower Investment
Investing in dwelling units is a low cost investment, as the land and construction costs for this type of housing projects are less than luxury housing projects. So, there are long-term benefits of dwelling unit investmentsLong-Term Growth
The dwelling units have long-term growth potential, as demand for these units is expected to rise in time to come. This growth potential can make this type of housing an attractive investment for those, who are looking for stable returns over a longer period.Enhance your surroundings with the transformative impact of carefully chosen colors. Let Architronix bring your vision to life through our expert Color Consultation services.